Industrial Development Land with FM
For Sale
$2,200,000
129 Fm 116, Gatesville, TX 76528
City-annexed development land with paved FM 116 frontage, utilities available, and scalable access across two tracts.
Property SizeContact for details
Lot Size42.76 Acres
Days on Market364
Property Features for 129 Fm 116
General Information
Standard status
Active
Lot size
42.76 Acres
Property subtype
Land
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Kim Hill Real Estate Group
Listed By:
Kim Hill · License #0592248
(903) 686-0636
Source:
Phyllisbrowning
Added: Oct 23, 2025
Changed: Oct 21
Last Checked: Oct 20 at 11:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kim Hill Real Estate Group
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Investment Insights
Based on property information with market context.
This listing offers 42.76 acres of city-annexed development land in Gatesville, Texas. The property includes approximately 4,500 feet of paved frontage along Texas FM 116, with the frontage divided into two tracts. City utilities are available, and the annexation into the City of Gatesville is intended to simplify entitlement and development planning. The land is currently maintained in AG tax status, which may help support holding costs while planning, entitlement, and development move forward. An on-site source of road base material is noted as potentially reducing infrastructure and roadway construction costs during development.
The site is positioned directly across from the Gatesville Municipal Airport, supporting immediate regional air access for a range of development objectives. The property is also described as being near Fort Hood and Central Texas aerospace and advanced manufacturing activity.
The combination of long, paved frontage, utility availability, and phased or multi-user development support makes the tract suitable for commercial, industrial, mixed-use, institutional, or employment-driven development concepts.
The site is positioned directly across from the Gatesville Municipal Airport, supporting immediate regional air access for a range of development objectives. The property is also described as being near Fort Hood and Central Texas aerospace and advanced manufacturing activity.
The combination of long, paved frontage, utility availability, and phased or multi-user development support makes the tract suitable for commercial, industrial, mixed-use, institutional, or employment-driven development concepts.
Key Highlights
- 42.76 acres of city‑annexed development land in Gatesville, TX
- Approximately 4,500 ft of paved frontage along Texas FM 116, with frontage divided into two tracts
- City utilities available and property annexed into the City of Gatesville for simplified planning and entitlement
Property Analytics
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Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - City-annexed development land with paved FM 116 frontage, utilities available, and scalable access across two tracts.
Where is this commercial land located?
The property is located at 129 Fm 116 Gatesville, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 42.76 acres of city‑annexed development land in Gatesville, TX; Approximately 4,500 ft of paved frontage along Texas FM 116, with frontage divided into two tracts; City utilities available and property annexed into the City of Gatesville for simplified planning and entitlement
